A top crypto strategist and trader is keeping a close watch on a red-hot altcoin that he says is ripe to go parabolic even after doubling its value in two weeks. The pseudonymous trader, known in the industry as Pentoshi, tells his 285,000 Twitter followers that he’s bullish on REN, a platform that powers transactions …
Category archives: Trending Crypto news
‘Last Dip Ever’ Has Arrived for Bitcoin, According to Closely Followed Crypto Trader
A prominent crypto strategist and trader is comparing Bitcoin’s recent slide to when BTC dipped in the spring of 2017 before nearly tripling in value within months. The trader known in the industry as Inmortal suggests to his 75,000 followers that Bitcoin’s price drop that began earlier this month will continue into early October, but …
CFTC hits Kraken with $1.25M in fines over alleged illegal offering
The United States Commodity Futures Trading Commission, or CFTC, is ordering crypto exchange Kraken to pay more than a million dollars in civil monetary penalties related to allegations the exchange is violating the Commodity Exchange Act. In a Sept. 28 statement, the CFTC said U.S.-based crypto exchange Kraken — operating under the name Payward Ventures — …
Continue reading “CFTC hits Kraken with $1.25M in fines over alleged illegal offering”
Stablecoin launch and NFT integration back COTI’s rise to a new all-time high
The blockchain ecosystem has evolved significantly over the past decade as smart contract capabilities have moved the industry from being a simple medium of exchange to a bustling ecosystem full of decentralized finance (DeFi) and nonfungible tokens (NFT). One project that has benefited from the increased capabilities of blockchain technology and the recent launch of …
Continue reading “Stablecoin launch and NFT integration back COTI’s rise to a new all-time high”
MicroStrategy’s Michael Saylor Says China Crypto Ban ‘Largely Irrelevant’ for Bitcoin – Here’s Why
Michael Saylor isn’t concerned about China’s latest wave of Bitcoin and crypto bans. The MicroStrategy chief executive tells Bill Barhydt, the CEO of crypto wealth management firm Abra, in a new interview that he was an early shareholder in Google, Facebook, and Twitter. He says he didn’t let Chinese regulations bother him back then and …
Miami Mayor Says City Exploring How To Accept Bitcoin for Tax Payments
Miami Mayor Francis Suarez says his city is taking the next step in Bitcoin adoption by exploring how to accept BTC for tax payments. In a new interview on The Best Business Show with Anothony Pompliano, Suarez says that as Bitcoin emerges into the mainstream, holding BTC on Miami’s balance sheet seems like an increasingly …
Continue reading “Miami Mayor Says City Exploring How To Accept Bitcoin for Tax Payments”
Here Are Three Reasons Bitcoin Will Remain ‘Ultra-Volatile’ in the Foreseeable Future, According to Deutsche Bank Analyst
A senior economist at Deutsche Bank predicts Bitcoin (BTC) will remain “ultra-volatile” for the foreseeable future. Marion Laboure, who also works as a market strategist at the banking giant, says BTC could potentially become the 21st century gold down the road. At this point in time, Laboure says BTC’s high level of volatility keeps it …
Majority of Institutional Investors Plan on Buying Crypto for the First Time Within a Year: Report
The majority of institutional investors intend to gain exposure to digital assets for the first time within the next year, according to a new survey. In data shared with City A.M., digital asset manager Nickel Digital says that more than six in 10 institutional investors and wealth managers from the US, the UK, France, Germany, …
Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
“Don’t fight the trend” is an old saying in the markets, and there are other variants of the phrase like “never catch a falling knife.” The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn’t matter whether …
Continue reading “Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone”
BlackRock SEC filings show company gained $369K from Bitcoin futures
A filing from the United States Securities and Exchange Commission, or SEC, shows that BlackRock Financial Management has increased the number of its Bitcoin futures contracts since Q1 2021. According to a Tuesday filing with the SEC, the BlackRock Global Allocation Fund included 54 Bitcoin (BTC) futures contracts issued through the Chicago Mercantile Exchange as …
Continue reading “BlackRock SEC filings show company gained $369K from Bitcoin futures”
ETH 2.0 moves closer to fruition as devs set Altair upgrade for October
The Ethereum network’s long-planned upgrade to a scalable, proof-of-stake consensus model grows closer as developers set a date for the Altair upgrade. Altair, which is described as the first mainnet upgrade to the Beacon Chain, is scheduled to take place at epoch 74240, or roughly Oct. 27, according to Ethereum Foundation researcher Danny Ryan. Ryan …
Continue reading “ETH 2.0 moves closer to fruition as devs set Altair upgrade for October”
Signs of fear emerge as Ethereum price drops below $3,000 again
Technical analysis is a controversial topic, but higher lows are commonly interpreted as a sign of strength. On Sept. 28, Ether (ETH) might be 30% below its May 12 high of $4,380, but the current $3,050 price is 78% higher than the six-month low of $1,700. To understand whether this is a “glass half full” …
Continue reading “Signs of fear emerge as Ethereum price drops below $3,000 again”
Ethereum Showing Good Signs for Patient HODLers, According to Blockchain Analytics Firm Santiment
Despite the market correction in the past two weeks, Ethereum (ETH) is displaying a few strong metrics that could be good news for long-term holders of the digital asset, according to crypto analytics firm Santiment. Santiment tells its 95,200 Twitter followers that the amount of Ethereum sitting on crypto exchanges has significantly declined in the …
Binance Charity Launches NFT Tree Planting Project ‘Tree Millions’ To Plant 10 Million Trees Worldwide
Binance Charity, the first-ever blockchain-enabled transparent donation platform, leads the most ambitious NFT tree planting project to date, to plant 10 million trees worldwide. Tree Millions Alliance launches on September 28, 2021, led by Binance Charity. The initiative already has 17 crypto industry players confirmed to help with reforestation efforts and aims to have 100 …
Banking Giant JPMorgan Says Investors Are Opting for Ethereum Over Bitcoin Futures: Report
Analysts at financial services giant JPMorgan are reportedly saying Ethereum’s popularity among investors is growing at the expense of Bitcoin futures. In a research note cited by Business Insider, JPMorgan analysts say large investors who typically use derivatives marketplace Chicago Mercantile Exchange (CME) are shifting away from Bitcoin futures and towards Ethereum futures. ADVERTISEMENT …